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austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >> thank you very much. my pleasure, good luck to you and congratulations. >> thanks again to democratic house leader nancy pelosi for joining me earlier today. that's all in for this evening the rachel maddow show starts now.
austerity cut the public role, that does nothing except hurt the deficit. if you want to reduce the deficit, the best thing you can do is invest in education. the education of american people brings more money to the treasury than anything you name, whether it's early childhood k-12, higher ed, lifetime learning, and to cut education is to increase the deficit. so thank you for posing that question. >> congresswoman, really great pleasure to have you here. thank you so much. >>...
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May 17, 2013
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paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted deficits since 2008 trying once again to repeal obama care. they voted for the 37th time to repeal obama care despite the fact that there is good reason to believe that obama care is to credit for much of the remarkable deficit reduction projected this week by the cbo. the deficit reduction republicans used to hold up as their entire reason for being. because the biggest driver of our long term deficits is rising health care costs and -- get this -- between 2009 and 2011, total health spending grew at the lowest annual pace in t
paying down our deficit. it is kicking the can down the road and frankly, we are out of road. >> you would think that those people would all be pushing to take credit for our incredible deficit reduction celebrating that there would be press conferences. but no, there was nothing. what makes that nothing this week so very ironic is that not only did republicans essentially ignore the cbo report but they chose to spend the time they should have been out celebrating our lowest predicted...
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May 16, 2013
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the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to let these kids not be in school and not turn over any money and not find some way initially for a bridge loan or something. what does that say to you about the governor? >> first of all, i want to thank them for doing the right thing, even though it took some time. i'm not really anxious to point fingers. i think what it does show is we have huge inequities in this country and in michigan and lots of other places, and we need to correct those inequities. for every buena vista that had to close, there are hundreds of schools that are functioning barely at the sustainable level and getting marginal educ
the board of education approved the deficit elimination plan, and really, chris, i want to thank you and other folks who brought attention to this. it was putting a great big light on this problem that, i think, caused the reverse, of course. and the good news is these kids will be able to finish their school year, and i'm just really happy about that. >> what have we learned about michigan governor rick snyder in this, the fact he seemed willing, the state government seemed willing, to...
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May 15, 2013
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that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or improved economic conditions, you drastically and very quickly lower your debt position and your deficit position. that should be the first order of business. that is really what we do first before we figure out what is our true remaining structural long-term deficit. melissa: okay, but doug, you're a numbers guy. let's do thisatively, rather than with our emotions. can the economy quantitatively grow enough to deal with paying for our promises for the entitlements and the system that we have laid out? >> no. at the heart of this are p
that is the deficit problem. without entitlement reform there is no amount of growth that will fix it. melissa: christian, isn't this all noise and nonsense until we fix that problem? >> well, not exactly because, you know, when you have an economy that's suffering from high unemployment andd3 stagnating wages you're not at your full productive capacity. once you reach that level as we've seen in the last few months, once you increase revenues whether it comes from tax increases or...
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May 19, 2013
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and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned. >>> first, here is my take. conservatives are, of course, mad at barack obama. we'll talk about the various scandals in a moment, but they're also mad at a country that isn't mad enough at him. this frustration is now taking over main stream and intelligent voices within the conservative movement and about broader issues than benghazi. brett stevens, the columnist for "wall street journal" lementes that president obama is not paying a price for a foreign policy that he, stevens, describes as isolationist. now, isolationism will come as a surprise to the diplomat soldier
and the amazing shrinking american budget deficit. i'll ask mitt romney's chief economic adviser whether he thinks the problem has gone away. >>> also, as america prepares to draw down from afghanistan, what can it learn from britain's withdrawal 170 years ago? i'll ask theauthor of a great new book. >>> next, a look into the crystal ball of technology with google's executive chairman eric schmit. a sure fire plan to reduce carbon dioxide emissions. how so? stay tuned....
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because the market is going up and the deficit actually went down. >> steve: that's right until for the first time in a long time (you know who else had a surplus? california. >> steve: they still do. from california to texas, and more on that twister out of granbury, texas. this is some of the damage left behind after three big twisters leveled a community built by habitat for humanity. heather nauert standing by with details. >> good morning to you. as we're taking a live look at the pictures, you can see how some homes have been completely devastated, while others seem to not have been touched at all. we are waiting just about 30 minutes from now, officials planning to hold a press conference to update us on the widespread damage outside of dallas. this as we get a better look at the devastation done near there. the violent twisters, one was a mile wide, it completely destroyed houses, hurdling people far from their homes. at least six people are dead and dozens more have been hurt. listen. >> it was loud, very loud, you could just hear things crashing and banging and everything like
because the market is going up and the deficit actually went down. >> steve: that's right until for the first time in a long time (you know who else had a surplus? california. >> steve: they still do. from california to texas, and more on that twister out of granbury, texas. this is some of the damage left behind after three big twisters leveled a community built by habitat for humanity. heather nauert standing by with details. >> good morning to you. as we're taking a live...
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neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and salary growth two times what has been. >> that $642 billion it is a lot less than it was in well under $1 trillion and we can remember a time when deficits were approaching $100 billion now we celebrate 642 billion but whatever that is. >> of course, $50 billion is a pavement a tax gimmick from fannie mae. where do they get the 60 million? they borrow it. neil: a lot of it is a tax increase. that part is there temporarily because with the fiscal cliff came at the end of the year there was a huge pre-emptive realization and bonuses were paid and 100 billion as one time revenue. neil: so you say with a focus on the lates
neil: deficits are tumbling the revenues are coming in. >> then the next thing you know the wags, you know --. neil: we don't have to cut. we don't have to cut. >> cbo says problem solved. this is what some blogger on "the washington post" said today believe the cbo forecast i have some swampland in florida. they suggest 40 years no recession or no economic dislocation we will create seven times more jobs in the next decade than we did over the next decade with wage and...
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the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused himself of sexual assault. latest case involves a ft. hood sergeant. you won't believe this, i couldn't believe it, into prostitution and for sexually assaulting this guy did apparently charged with two others. the army's not releasing his identity as he has not been charged officially, but get a load of his job title, sexual harassment response and coordinator. that's right, the guy you're supposed to go to for help is accused of sexually assaulting someone. this comes just one week after the man in charge of sexual assault from the entire air force was charged with sexu
the smallest deficit sense 2008 which is five years ago. the deficit had been topping $1 trillion every year cynic the recession ended four years ago. they credit the economic recovery, new tax rules and spending cuts with shrinking the deficit. we'll be right back. >>> welcome back to "hardball." may seem hard to believe that you're not experiencing deja vu here, but it happened again now, a military serviceman whose job it is to protect against sexual assault has excused...
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well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted and careful not to blame funding for the attackkin benghazi but mentioning funding a rounded to create the inference. boxer was less careful and when you ask about the ira'she ? he did not answer the question so he was very legalistic. lou: this is moving from a crisis of confidence, it seems to me, directly to a constitutional crisis. this president has lost his credibility. it has been shredded. where are we headed? >> but his ability is to get things done and there is no appetite in washington to get anything done with scandal swirling around the president so beleaguered not he is labor it they and lame in the
well it was a string of republican and democratic decisions to not hit the full number on security deficits. this is outrageous and senator menendez says we know about benghazi? somebody will puke out there outrageous conduct. [laughter] >> no vomit here in washington d.c. tonight studio number four. lou: maybe you are tougher. >> we have been marinating longer but to your point* the president today was so careful with the artfully crafted all of his theaters were artfully crafted...
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May 13, 2013
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but in 1970 to, the united states trade deficit was getting bigger and bigger and the french would add the goal so one day nixon aggregated e essentially the commitment ended the brentonwood system. that happened to be the day that i was leaving the council to get back to the university of pittsburgh because i decided that i could no longer ignore the likelihood that the president would accept the watergate scandal. the chairman's assistant called me up and said be sure to listen to the radio tonight because the president is going to drop the bomb. so i hung up and i turned around and said to my family the president is going to drop a bomb tonight, and my daughter was about 8-years-old and her pigtails stood up on indian she hid under the kitchen table and said he's going to drop a bomb here? so anyway, he did. he abrogated the brentonwood system. he put into effect the infamous price wage control program and so there were big economic issues on the table. one was the wage price control and one was because i served on the price commission and i was the public face of the price control
but in 1970 to, the united states trade deficit was getting bigger and bigger and the french would add the goal so one day nixon aggregated e essentially the commitment ended the brentonwood system. that happened to be the day that i was leaving the council to get back to the university of pittsburgh because i decided that i could no longer ignore the likelihood that the president would accept the watergate scandal. the chairman's assistant called me up and said be sure to listen to the radio...
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ok so according the most recent seaview analysis our deficit is shrinking fast we really don't have a deficit problem it's fallen by six hundred billion dollars a lot of it thanks to obamacare which brought health care costs lower by forty nine billion dollars new york times has a new analysis out now all this this report about the deficit comes as austerity is being pushed more and more by conservatives and even some democrats new york times analysis found that analysis found that quote the nation's unemployment rate would probably be nearly a point lower roughly six point five percent had washington not cut spending or raise taxes as it has since two thousand and eleven and here's a graphic coming up showing the comparison between unemployment rates with and without us austerity right there. so why isn't it time to pull back from the austerity here. in the first way we start with that is to redefine your misuse of the term now you just read the quote and it said two things they cut spending and raise taxes the tax hikes were significant and they were real the cuts were nominal when
ok so according the most recent seaview analysis our deficit is shrinking fast we really don't have a deficit problem it's fallen by six hundred billion dollars a lot of it thanks to obamacare which brought health care costs lower by forty nine billion dollars new york times has a new analysis out now all this this report about the deficit comes as austerity is being pushed more and more by conservatives and even some democrats new york times analysis found that analysis found that quote the...
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the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this year and same story for the s&p 500, the 14th he record there this year. we're looking at a flat to slightly lower opening today, but that happened yesterday and we still went up 120 by the close. stay tuned. and suddenly, it seems that president obama's second term agenda is unravelling. and the mainstream media have turned on the administration. big government seriously questioned, my, have times have changed. in just ten days. here is the the all-government, all the time president speaking the at ohio state may the 5th. >> unfortunately,
the deficit is getting smaller. a lot smaller. the congressional budget office says it will be $400 million less than the trillion dollars deficit last year. it's down because of higher taxes. a 60 billion check to the government from fannie and freddie. there's a down side for those of us who want the government to get its finances in order, this takes the wind out of the sails of the spending, cutting movement. maybe the deficit news helped stocks, another record close for the dow, 19th this...
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May 20, 2013
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four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes and last night covering these and now it doesn't matter how many times you see this. it's just absolutely gives you the shivers and to sit here right now. first responders from all over flooding in here. yelling at each other. shep then excuse me for just a moment. live witness from k next thing you know coming across. bricks hear if coming in. it was trying to stuck the storm seller out of the ground unlastled latch the door. caved the door. in once if ended he we of course got out. i car is gone. i can't find it inspects nowhere to be found and there is an sin angel of brandon brought me home. when i g
four dead at 7/11 store there four more dead as they tried to get into a freeze tore escape this storm deficit all around. reminiscent of joplin, missouri. bark ripped off the trees. trees split in half. its insulation up in the branches. it is twisted metal around telephone poles. at the 7/11 it' as to be a gas pump but it's nothing but electronics and wires hanging out. the pump stilted sideways it gives you chills. is it doesn't matter last when i was on the ground covering deadly tornadoes...
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the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old book. wealth of nations 1776. hey, that was a really good year by the way. adam smith. what is the underlying premise of adam smith we can apply in ample helpings to a variety of issues in the day? that is who should best deal with the procurement? whether it's a natural resource like natural gas or whether the government should decide who gets loans or what what type of loans. no, no, no. it should be free market for free men. and as the wealth of nations pointed out. don't worry about natural gas. the government can't decide w
the true issue with deficits. when you pad the course with too much weight it doesn't make the trip as efficiently. and i do understand everybody wants to ring the bell on smaller deficits. i'm in the club as well. we need to be be honest about it. obviously that's the main motivation. but there's another. we cosigned for all the losses. just hope it doesn't mean no reform. we need a free market in housing that isn't the government. nothing talks about free markets better than a really old...
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May 14, 2013
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he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less than two hours from extending the win he can street of 18 straight tuesday as the market is on track to finish in record territory yet again. joining me, above pavlick, from banyon partners with his take what he is watching to drive the market higher. bob, thank you so much for joining us. so you say, look there's lots more room to the upside. i don't say that you say a lot of room but there is room to the upside. what is driving the markets right now? we've gone through earnings. the economic date at thaa is so so. by all economic accounts we're drift
he inherited a city with $300,000 budget deficit. the state's appointed emergency financial manager warned that the deficit could $386 million by jewel 1st. >>> in new jersey the role other coaster at seaside heights is being demolished. it was a symbol of the pamage that superstorm sandy inflicted on the east coast. those are your headlines. i'm patti ann browne. back to you. ashley: patti ann, we thank you so much. get back to the markets. call it a case of the tuesdays. the dow less...
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he wonders why our deficit is ourup. because there's more welfare, more food stamps, more everything going out. host: do you vote? caller: yes, they are voting. anybody with aen card. purdue get obamacare? host: attorney, independent -- ernie, independent. caller: this is not obamacare. it belongs to mitt romney. it came out of massachusetts. you need to ask yourself, every citizen in the u.s. needs to ask himself who is paying for this now, was paying for your care now and why don't you have insurance if you don't have it? you need to answer a few questions annd out exactly what this is going to cost you, because you are already -- i am paying wait too much for my health care. i know that my insurance is only covering about three-quarters of it. and then if i go to a hospital or something, i will be released step after the third day. i am thinking that people need to remember this did not come from obama. host: but it is his effort. so what do you think about pipa action yesterday to try to repeal it? caller: there are
he wonders why our deficit is ourup. because there's more welfare, more food stamps, more everything going out. host: do you vote? caller: yes, they are voting. anybody with aen card. purdue get obamacare? host: attorney, independent -- ernie, independent. caller: this is not obamacare. it belongs to mitt romney. it came out of massachusetts. you need to ask yourself, every citizen in the u.s. needs to ask himself who is paying for this now, was paying for your care now and why don't you have...
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with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >> tivo did well, it was a beat on eps and revenue t was a beat on projected to be a loss of 14 cents. a beat on $86.2 million which was a beat of the estimate, 61.87. tivo which is trying to stay relevant had good news coming out today "after the bell.". david: not an earnings report. this was a loss report. but very good news. liz: important to point out, you're looking revenue, 13% year-over-year increase in the technology revenue. this is a stock while down for the quarter is up about 31% year-over-year. still no word, i know, joe you will be looking for this, to see if there is any mention of upcom
with deficits better than we thought they would be with other outside things like the sequester, that will give more fuel to the fire. i would pile everything in, but i would slowly be putting money to work in the stock market because this thing doesn't look to slow down. everybody wants the 4% pullback. we got the 4% pull back, april 11th to april 16th. what is that between friends that was your opportunity. david: hold on a second. joe has tivo earnings. go ahead, joe, what are they? >>...
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immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's possible to strike that balance and at the same time subpoena the phone records? >> i can't comment on the specific reports you cite. i can say the president does believe that the balance should be sought and can be found but it is a balance and, therefore, something that we need to constantly work at. >> the obama administration has launched six prosecutions for leaking classified information, which is more than all previous presidents come bind, shepard. >> shepard: on benghazi some observed that jay carney seems to not believe any of the questions about that are still l
immigration reform, budget deficit deal, another attempt at gun control. up in of that has been talk about since last week and all but a handful of questions today were about the app and the irs subjecting tea party groups to scrutiny. the president says if the irs officials acted inappropriately, they should be held ant credible. and on the phone records, he says mr. bober bober believes reporters should have unfettered access even as the government protects its secrets. >> believe it's...
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the biggest issue facing our country now is the growing debt and deficit. with the impacts of sequestration taking into account this bill provides around $23 billion in savings from mandatory programs to go towards deficit reduction. that is remarkable, that you've been able to craft a bill with that kind of number in there, and under the conditions that we're operating in. i understand there are different ideas around this table as to what is the best safety net. i urge my colleagues to recognize that one program does not fit all. the bill before us attempts to provide producers with options to find what works best for them and that's a step in the right direction. that's something we've never done before, is to give the kind of options that are available in this bill. a new program known as adverse market protection seeks to serve the needs of those who are not protected by the agricultural risk coverage and crop insurance programs. it's imperative that the farm safety net provide protection for multiyear price declines, especially for southern crops like
the biggest issue facing our country now is the growing debt and deficit. with the impacts of sequestration taking into account this bill provides around $23 billion in savings from mandatory programs to go towards deficit reduction. that is remarkable, that you've been able to craft a bill with that kind of number in there, and under the conditions that we're operating in. i understand there are different ideas around this table as to what is the best safety net. i urge my colleagues to...
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just four years ago, the deficit was over 10% of our g.d.p. this year it's projected to fall below 5%. half of what it was just four years ago. now, i understand that this news may not fit neatly within the narrative of our friends on the other side of the aisle who just as they did in the summer of 2011, unfortunately, tried just last week to manufacture another debt crisis where nonexists. i would note that it was only a few months ago we worked together on a bipartisan fashion to suspend the debt limit. on the heels of our new year's day compromise and the tax portions of the fiscal cliff, my republican colleagues recognized the dangers of yet another debt showdown on the markets and on the possibility of downgrading u.s. credit worthiness, but rather than build on that rare moment of ipartisan cy -- bipartisan comity and put our nation back on a path of financial responsibility, house republicans doubled down. they pushed ahead with their cut, spend at any cost agenda. they pushed through a continuing resolution that baked in the harmful c
just four years ago, the deficit was over 10% of our g.d.p. this year it's projected to fall below 5%. half of what it was just four years ago. now, i understand that this news may not fit neatly within the narrative of our friends on the other side of the aisle who just as they did in the summer of 2011, unfortunately, tried just last week to manufacture another debt crisis where nonexists. i would note that it was only a few months ago we worked together on a bipartisan fashion to suspend the...
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and those are going to be real drags on our economy and also real drugs for people who care about our deficit because you know wal-mart workers are the biggest recipients of federal benefits when it comes down to it because they don't make enough money to make the ends meet the government has to come in and step in to fill the gap now despite all this lack of attention in congress than the moments that you could argue is building these movements as we said in detroit and chicago and all over the country right it sure looks like it i mean at least the labor action that we're seeing is building but if you'll go back to the seventy's to the sixty's we have one thousand labor actions a year and that number has calmed down down down in two thousand and i think there are only five labor. ns but that's you know you have to start back somewhere unions have gotten absolutely decimated a third of the workforce used to be unionized now it's down to below a tenth and just this year the end of last year when michigan decided to go right to work become a right to work state and there was a huge blow to the
and those are going to be real drags on our economy and also real drugs for people who care about our deficit because you know wal-mart workers are the biggest recipients of federal benefits when it comes down to it because they don't make enough money to make the ends meet the government has to come in and step in to fill the gap now despite all this lack of attention in congress than the moments that you could argue is building these movements as we said in detroit and chicago and all over...
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>> we need to be careful tempt federal level washington is a mess in terms of the deficit. so you have to ask tough questions. we do need to make better investments in infrastructure, and michigan's roads are one of the things we need to invest more money in, but the way i look at it, we can afford to do it and we want to do it in a smart way. so i wish the federal government would say, instead of taking money from consumers, give us choices and we'll put those investments to smart use. >> neil: dumb question on my part. last time i checked we power a lot of money, commit a lot of money, gasolines taxes, tolls, bridges and roads, et cetera, taxes on the transportation department, for things like roads and brian -- and bridges and highways. i'd like to know where that money has gone before i commit more money. what say you? >> that's always one of the issues. in fact michigan is donor state which is tough to figure out why. we're still a donor state to the government with respect to the gas tax. we road like to bet -- get our dollar back and we need to make improvements. wen
>> we need to be careful tempt federal level washington is a mess in terms of the deficit. so you have to ask tough questions. we do need to make better investments in infrastructure, and michigan's roads are one of the things we need to invest more money in, but the way i look at it, we can afford to do it and we want to do it in a smart way. so i wish the federal government would say, instead of taking money from consumers, give us choices and we'll put those investments to smart use....
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May 13, 2013
05/13
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the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the best investment? >> there is no safe haven as i indicated. you have to spread your eggs. one the cure return sis more than many others do is the euro priest sigh list because everybody else hates it. they're mopping up liquidity where everyone else is printing money. they have a lot of pain. the reason they have pain is they're not print enough money. i'm not saying buy equities but the currency can be stronger. ultimately you have to have a basket. can't put money one egg, be it australian dollar or the looun any or whatever it may be. lori: axel merk. thanks for coming in. melissa:
the deficit matters. if you have over 200% debt to gd ratio you have finance it domesticly. if you have foreigners buying your currency it matters. prirnt money like crazy, this can not have a good ending. cyprus when that blew up it was, a big deal. but japan is of course much bigger deal. we've always argue we never had a eurozone crisis. that is good news. bad news we have a global crisis that might focus on the japan or the u.k.. lori: what should that basket of currencies look like for the...
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May 16, 2013
05/13
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after consecutive trillion dollar deficits, our national deficit is soaring to $17 trillion and it's time to stop spending money. broken promise number two, the president claimed that no family making less than $250,000 will see their taxes increase. however the joint committee on taxation obamacare includes 21 new or higher taxes that will cost taxpayers $1.1 trillion. i recently had the chance to company. thopedic i heard stories from employees about the taxes in obamacare. i was warned in the new medical device tax will prevent the company from creating good-paying jobs for people in indiana out of work. this tax will increase the tax on medical devices used by our senior citizens and wounded war worse. the president repeatedly claims that his proposal can save families $2,500 a year when researchers from the kaiser family foundation found that the average family taxes have increased by $3,000. if not repealed, this law will increase premiums and eat away at thes of single moms and young families all across the country. the reality is, madam speaker, this affordable care act is no
after consecutive trillion dollar deficits, our national deficit is soaring to $17 trillion and it's time to stop spending money. broken promise number two, the president claimed that no family making less than $250,000 will see their taxes increase. however the joint committee on taxation obamacare includes 21 new or higher taxes that will cost taxpayers $1.1 trillion. i recently had the chance to company. thopedic i heard stories from employees about the taxes in obamacare. i was warned in...
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May 16, 2013
05/13
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first of all about the deficit. we have a neutral referee here about questions about spending and taxes called congressional budget office, and several members on the other side have quoted what the c.b.o. said on different things. here's what the c.b.o. says about this law. repealing this law will add at least $100 billion to the deficit. now, our friends disagree with that, but the referee that they hire, that we live by says repeal of the law adds $100 billion to the deficit. we hear that health insurance premiums have gone up by an average of $3,000 per year. i don't know the source of that claim. someone should share that with us. but i do know this, the cost control strategies in the new law, which involve the establishment of a competitive insurance market so the insurance companies don't have huge market control, hasn't taken effect yet and doesn't take effect until january 1 of 2014. this characterizes government control of -- this is characterized as government control of health care. it says a person with
first of all about the deficit. we have a neutral referee here about questions about spending and taxes called congressional budget office, and several members on the other side have quoted what the c.b.o. said on different things. here's what the c.b.o. says about this law. repealing this law will add at least $100 billion to the deficit. now, our friends disagree with that, but the referee that they hire, that we live by says repeal of the law adds $100 billion to the deficit. we hear that...
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May 15, 2013
05/13
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we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse. >> i will give you one. it is still another one. if i can quickly push back a little on what david said, i agree. i would also say be careful what you wish for. the specter of a three year lame-duck president does not look that great internationally. i do worry about that angle. >> i am not too worried about what is happening internationally. i think they will basically be just slightly by over the next couple years. it is the economy here that i am worried about. with gridlock, look at what we have been able to get done. the president realizes
we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse....
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May 20, 2013
05/13
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it's a deficit-reduction bill, it's a jobs bill, it's a bipartisan economic relief bill. i again commend chairwoman stabenow and ranking member cochran for their work in crafting this legislation. i especially appreciate the staff for individual members and the committee staff for their work. i urge my colleagues to work together and halt the impasse that keeps us from making progress on this legislation. madam -- mr. president, i -- i yield the floor. ms. stabenowms. stabenow: mr. p? the presiding officer: the senator from michigan. ms. stabenow: before the senator from ohio leaves, i want to thank him. he has been an invaluable member of our committee. we wouldn't have the agricultural risk coverage portion, the yield loss coverage portion of this bill if it were not for his work, he and senator thune working together. we used their bill as the basis for this. he's also been the champion of rural development. we have investments in rural development we wouldn't have had without his involvement, as well as other efforts in the energy title and -- and throughout the bill.
it's a deficit-reduction bill, it's a jobs bill, it's a bipartisan economic relief bill. i again commend chairwoman stabenow and ranking member cochran for their work in crafting this legislation. i especially appreciate the staff for individual members and the committee staff for their work. i urge my colleagues to work together and halt the impasse that keeps us from making progress on this legislation. madam -- mr. president, i -- i yield the floor. ms. stabenowms. stabenow: mr. p? the...
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May 17, 2013
05/13
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in lowering the cost, it would reduce the deficit. it is a bill that is pretty soon many more americans will be taking advantage of it. so far, over 100 million americans have taken advantage of the preventive services. over 100 million americans. over 100 million americans are no longer subjective to lifetime limits on their insurance coverage. that is a remarkable thing. six million seniors have seen their prescription drug costs be reduced those who are in the doughnut hole be around $6 billion. young people, right now today, can stay on their parents' insurance policy until they are 26 years old. the list goes on and on about the preventive exams that are free to seniors. the list goes on and on about what benefits the action that the republicans are taken would repeal that are good for the health and well being of the american people. this bill is not just about health care, it is about the good health of the american people. it is about prevention, it is about wellness, it is about electric medicine cad records that will change
in lowering the cost, it would reduce the deficit. it is a bill that is pretty soon many more americans will be taking advantage of it. so far, over 100 million americans have taken advantage of the preventive services. over 100 million americans. over 100 million americans are no longer subjective to lifetime limits on their insurance coverage. that is a remarkable thing. six million seniors have seen their prescription drug costs be reduced those who are in the doughnut hole be around $6...
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May 14, 2013
05/13
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a growing deficit plus those unfunded pensions. where will the money come from to save this city? they need it fast. a frequent guest on this program. thank you very much for coming back to us. where is the money coming from? they will have to have money within the next few weeks. >> you may be talking to the wrong guy. i am sure plenty of people are in line for a haircut all around. i wanted to talk to about why detroit and other cities are failing. stuart: you have to have an opinion on this. >> my opinion is that detroit defined michigan. stuart: there are only two choices here. they have to have money or they just totally shut down. everything shuts down totally. there is only two choices. >> i think that the governor has to step up. i think that this city has to be committed to a long-term plan. stuart: are you prepared to see money from your city go to detroit? >> no. we cannot afford it. again, i think a lot of folks are in line for a haircut. i think it will have to be shared sacrifice. our cities are failing by design. we have many cities that are headed towards bankruptc
a growing deficit plus those unfunded pensions. where will the money come from to save this city? they need it fast. a frequent guest on this program. thank you very much for coming back to us. where is the money coming from? they will have to have money within the next few weeks. >> you may be talking to the wrong guy. i am sure plenty of people are in line for a haircut all around. i wanted to talk to about why detroit and other cities are failing. stuart: you have to have an opinion on...
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May 17, 2013
05/13
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congressman ryan, are you going to be able to work with the administration on things like the economy and the deficit and immigration reform while congress also spends so much time focused on discovering more and doing more in oversight on the scandals and controversies. here's what he had to say. >> we have to do our job to our constituents to do oversight of the federal government, we're not getting straight answers on benghazi. we're not getting straight answers on the irs. clearly we're worried about intimidation of the press with respect to the doj scandal. that doesn't mean we're only going to do that. >> his point is they can walk and chew gum at the same time, that members of congress have this oversight responsibility, but you heard him say, very pointedly, we're not getting straight answers on benghazi, we're not getting straight answers on the irs. there is a lot of feeling by republicans and even some democrats in congress that the testimony today by the acting irs commissioner did him more harm than good. even if he's on his way out the door, there are questions about whether or not he's
congressman ryan, are you going to be able to work with the administration on things like the economy and the deficit and immigration reform while congress also spends so much time focused on discovering more and doing more in oversight on the scandals and controversies. here's what he had to say. >> we have to do our job to our constituents to do oversight of the federal government, we're not getting straight answers on benghazi. we're not getting straight answers on the irs. clearly...
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May 17, 2013
05/13
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and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to change the subject today, didn't work that well, because the subject is still out there. >> there's a formula for presidents who get into political trouble. and it begins with trying to change the questions. which he did pretty well, i think, in the rose garden, at least it was a good first step. went out there and said, okay, what we really noo ed is money to help secure the embassies. that was his response to the benghazi problem. he talked about the irs, and said, well, this was done, because i take these leaks very seriously, because they endanger americans.
and there was some positive news on the deficit. but both of those items will take a long time to pay dividends. and the administration will have to still fight the crises for now, if they ever want to be able to maximize both of these agenda items in the long term. wolf? >> jessica yellin over at the white house, thanks very much. let's dig a little bit deeper now with our chief political correspondent, host of the "state of the union" candy crowley. the president trying to...
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May 16, 2013
05/13
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MSNBCW
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the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman replaces the former a.d. who resigned after a video came out of the school's former men's basketball coach mike rice. >> ow. >> caught on camera hurling basketballs at players and using in a couple cases gay slurs during practice. hermann would be rutgers' first female a.d. she comes from louisville where she served as their athletic director's top deputy. she's got more than 30 years in college athletics but no prior experience as the head of a school's athletic program. >> mike, are there a lot of top program -- >> five. she becomes the fifth in d-1 schools. >> good move. move>> g >>> up next, author, columnist, ke
the heat erasing 11-point second-half deficit to knock out the chicago bulls in game five. the heat again in the eastern conference finals. they await the winner of the pacers and knicks. the pacers could close that thing up at the garden tonight. >> so it could be the pacers versus memphis? >> potentially, yes. >> that's what you're hoping for. >>> turning to college basketball, rutgers university has announced julie herman as its new athletic director. herman...
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May 20, 2013
05/13
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CSPAN2
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that's a net fiscal deficit of $35,113. what we're talking about here is a nation that has a cradle-to-grave welfare system. this is not 1900. this isn't 1907 when the previous way of immigration peaked. this is the cradle-to-grave welfare system in the united states. and milton friedman said clearly that the open borders program and a cradle-to-grave weller if system cannot coexist. what we're doing here is speaking of the comprehensive immigration reform policy that's recurred here is that we're really talking about taxpayers subsidizing the difference between the cost of sustaining a household and the wages that can be drawn into that household from someone who is, i'll say, of lower education, not necessarily lower skills. and i'd ask unanimous consent to introduce into the record the rocket rector d robert rector report and ask unanimous consent, mr. chairman. >> without objection. >> thank you, mr. chairman. then i wanted to ask the question of mr. amador, the bill prohibits an employer from checking current employees
that's a net fiscal deficit of $35,113. what we're talking about here is a nation that has a cradle-to-grave welfare system. this is not 1900. this isn't 1907 when the previous way of immigration peaked. this is the cradle-to-grave welfare system in the united states. and milton friedman said clearly that the open borders program and a cradle-to-grave weller if system cannot coexist. what we're doing here is speaking of the comprehensive immigration reform policy that's recurred here is that...
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May 14, 2013
05/13
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it would help create jobs, it would help the economy, and it would deal with our debt and deficit in a fiscally responsible way. madam president, i also understood this, that that senate budget that was passed was not the final product. it was the senate's best effort to find a budget that would move our economy and our country forward. we knew that budget would be placed in a conference with the house budget. the house had passed their budget the same week. we my that there would have to be discussion and compromise and an effort to find common ground, but we did our best version and the house i assume feels like they did their very best version. now, the tw -- two house budgets are very different. i deeply believe that the senate budget is superior and that the american people, watching the discussions between the two houses and comparing them, would reach the same conclusion, but at the very least, i know this -- the american public are entitled to see that debate and discussion. they are entitled to look at the house budget and look at the senate budget and compare them just as t
it would help create jobs, it would help the economy, and it would deal with our debt and deficit in a fiscally responsible way. madam president, i also understood this, that that senate budget that was passed was not the final product. it was the senate's best effort to find a budget that would move our economy and our country forward. we knew that budget would be placed in a conference with the house budget. the house had passed their budget the same week. we my that there would have to be...
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May 14, 2013
05/13
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because of growth and economy and also because of fannie mae paying back money from the government, the deficit over the next six months is shrinking massively. >> the fed is not reducing its purchase. here ate plan right now for what the fed is going to do. it's going to buy $270 billion in treasury over the next six months and 270 billion of mortgages. and this is demand the fixed income of $510 million. we'll show you supply here and take a look at the next chart. new supply, zoom in here, 142 billion of new supply and no new net mortgage, man a little from fannie mae or freddy mac. their 5 ten bell onof demand means there's going to be 368 billion of cash. if you could just zoom in on that number and that's the number that taper says is going to be money looking for a hope in the market these days. the result is a lot of money having no place to go, but perhaps the stocks, and the fed will be dropping down further. the next screen is the equity risk premium. this is the measure over the risk-free treasury rate. you can see it's already at a historic high now according to tepper's math, this
because of growth and economy and also because of fannie mae paying back money from the government, the deficit over the next six months is shrinking massively. >> the fed is not reducing its purchase. here ate plan right now for what the fed is going to do. it's going to buy $270 billion in treasury over the next six months and 270 billion of mortgages. and this is demand the fixed income of $510 million. we'll show you supply here and take a look at the next chart. new supply, zoom in...
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May 16, 2013
05/13
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joint committee reductions, which will worsen in fiscal year 2014, unless congress adopts a balanced deficit reduction plan. should congress fail to do so, i fear that these reductions will undermine our ability to deliver justice for millions of americans, and to keep essential public safety professionals on the job. we cannot allow this to happen. this morning, i ask for your support in preventing these cuts and ensuring that the department has the resources it needs to fulfill its critical missions. i thank you, once again, for the chance to discuss our current efforts with you today. and i would be happy to answer ici questions you may have. did not make my five minutes. >> your consideration was good. you were close. we thank you for your opening statement. we will proceed with questions under the five-minute rule. i will recognize myself or five minutes. you in fact addressed in your remarks my first question, which deals with the troubling information that was received by the fbi, and other agencies of the government prior to the boston marathon bombings, but it does not appear the in
joint committee reductions, which will worsen in fiscal year 2014, unless congress adopts a balanced deficit reduction plan. should congress fail to do so, i fear that these reductions will undermine our ability to deliver justice for millions of americans, and to keep essential public safety professionals on the job. we cannot allow this to happen. this morning, i ask for your support in preventing these cuts and ensuring that the department has the resources it needs to fulfill its critical...
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May 15, 2013
05/13
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in fact, it has a minimal impact on the deficit. but it can have a huge impact on our veterans. i thank you, i thank you, mr. mchenry, and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from texas is recognized. mr. mchenry: the gentleman from north carolina. the speaker pro tempore: the gentleman from north carolina. mr. mchenry: wishing to close, i recognize myself for such time as i may consume. mr. speaker, i want to commend my colleagues to this bill. i would like to congratulate my colleague, mr. green, on putting forward such a worthy proposal that is both sensible and at the same time deeply honors our most treasured resource in this country, our returning veterans. to make sure they're well cared for. so i ask my colleagues to support this measure and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the question is will the house suspend the rules and pass the bill, h.r. 384 as amended. those in favor say aye. those op
in fact, it has a minimal impact on the deficit. but it can have a huge impact on our veterans. i thank you, i thank you, mr. mchenry, and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from texas is recognized. mr. mchenry: the gentleman from north carolina. the speaker pro tempore: the gentleman from north carolina. mr. mchenry: wishing to close, i recognize myself for such time as i may consume. mr. speaker, i...